Activewear brand Vuori looking at potential IPO next year – report

Activewear model Vuori is speaking to funding banks a couple of potential preliminary public providing by the center of subsequent yr.

Vuori is searching for an IPO that will high its $4 billion valuation in its final funding spherical in 2021, in accordance with a Bloomberg report on Friday, which cited individuals conversant in the matter. That financing spherical included funding from Japan’s Softbank (OTCPK:SFTBY).

Vuori might choose its advisers inside weeks, although it hasn’t made a remaining choice and plans might change, in accordance with the report.

California-inspired activewear model Vuori introduced a $400 million funding from Softbank Imaginative and prescient Fund 2 at a valuation of $4 billion in October 2021.

Vuori, which competes with activewear firms like Lululemon (LULU) and the Hole’s (GPS) Athleta model, was launched in 2015.